Go to Jeff Salisbury LWGate Home Page.From: "Mike Gibbons" <mikegibbons@proactech.com>
Subject: RE: [CANSLIM] Earnings Confidence
Date: Mon, 1 Jul 2002 10:55:52 -1000
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Katherine, David and Gene,
Wow, that was fast, now what does it mean? A reference link would be fine.
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Katherine Malm
Sent: Monday, July 01, 2002 10:45 AM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Earnings Confidence
GARP = Growth At a Reasonable Price
----- Original Message -----
From: Mike Gibbons
To: canslim@lists.xmission.com
Sent: Monday, July 01, 2002 3:41 PM
Subject: RE: [CANSLIM] Earnings Confidence
David,
Excuse my ignorance, but what's GARP?
Aloha,
Mike Gibbons
Proactive Technologies, LLC
http://www.proactech.com
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of David Taggart
Sent: Monday, July 01, 2002 10:18 AM
To: canslim@lists.xmission.com
Subject: RE: [CANSLIM] Earnings Confidence
I have found for about a year and a half that CANLSIM/GARP is a safe and
reliable way to trade. It really cuts down on the risk yet you still
get to
catch a lot of the good moves such as homebuilders and REIT's. Granted
it
is not strict CANSLIM but you can still use a lot of the concepts WON
teaches. I always thought David Ryans interview in Market Wizards made
sense that after screening for eveything else go for the lowest P/E. I
also
wish that WON would teach more on the short side. The best gains I have
had
have been on the short side the past year and a half. CANSLIM criteria
are
discriminating enought that if you apply most of them in reverse and
then
throw in a ton of debt you end up with some good shorts. Oh well enough
of
my soapbox.
David Taggart
-----Original Message-----
From: owner-canslim@lists.xmission.com
[mailto:owner-canslim@lists.xmission.com]On Behalf Of Harvey Brion
Sent: Monday, July 01, 2002 1:57 PM
To: canslim@lists.xmission.com
Subject: Re: [CANSLIM] Earnings Confidence
Good post, Jans. I went to my back issues and dug out the Investor's
Corner
you
refer to. It's the June 25th issue. I'm going to follow your lead and
get
more
familiar with the SEC filings.
In general, I've gotten more conservative, probably like most. I'm
paying
more
attention to the P/E than I ever have in the past, preferring <20. I
guess
that
makes me a "value" CANSLIM investor. I'm also weighting the cash flow
more
than
I have in the past to try to establish a correlation with earnings,
i.e.,
20%
higher than last year's EPS. -Harvey
Spencer48@aol.com wrote:
> Katherine:
>
> In a way the accounting frauds and scandals that have popped up
have
> been useful to me-in this way: I had never relied on SEC info before;
all
my
> fundamental info had been gleaned from DGO. However, with earnings
and
even
> cash-flow now being suspect-I go to the SEC page when analyzing a
company's
> stock that I wish to buy, to see what the company is doing and how it
is
> doing it. (About a week ago, IBD in Investors Corner printed a column
on
the
> different types of statements that companies are required to file
with
the
> SEC-so I believe that IBD believes this sort of fundamental info is
important
> to apprise oneself of when analyzing a stock).
>
> I suppose I use the "events" in a negative way to strengthen my
buying
> strategy, ie. if what I see on SEC seems different than what DGO
prints as
to
> the company's earnings or even what the chart is saying, I drop that
stock
> from my watch-list.
>
> As far as selling (an exit strategy), I wouldn't buy a company
in
the
> first place unless I felt comfortable with it. So for the exit
strategy,
I
> generally will rely on WON's dictums regarding when to sell.
>
> jans
>
> In a message dated 7/1/2002 2:15:33 PM Eastern Daylight Time,
> kmalm@earthlink.net writes:
>
> << I see the recent discussions of Anderson, WCOM, earnings
confidence,
etc.
> to be of great importance in CANSLIM investing, less as a matter of
"current
> events" than in the sense that it impacts much of the core investing
concepts
> in CANSLIM.
>
> I'm interested in finding out if and how this change in perception of
> earnings measurement will or has had any affect on your CANSLIM
mining,
> entry, and/or exit strategies. If it has not yet had an effect, do you
> believe that it should? In other words, how will you modify your
approach
> based on these events? How do you use these events to strengthen your
> strategies? >>
>
> -
> -To subscribe/unsubscribe, email "majordomo@xmission.com"
> -In the email body, write "subscribe canslim" or
> -"unsubscribe canslim". Do not use quotes in your email.
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-
-To subscribe/unsubscribe, email "majordomo@xmission.com"
-In the email body, write "subscribe canslim" or
-"unsubscribe canslim". Do not use quotes in your email.
-
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-In the email body, write "subscribe canslim" or
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<BODY bgColor=3D#ffffff>
<DIV><SPAN class=3D900065420-01072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Katherine, David and Gene,</FONT></SPAN></DIV>
<DIV><SPAN class=3D900065420-01072002><FONT face=3DArial color=3D#0000ff =
size=3D2></FONT></SPAN> </DIV>
<DIV><SPAN class=3D900065420-01072002><FONT face=3DArial color=3D#0000ff =
size=3D2>Wow,=20
that was fast, now what does it mean? A reference link would be=20
fine.</FONT></SPAN></DIV>
<DIV> </DIV>
<DIV><FONT face=3DArial size=3D2>Aloha,</FONT></DIV>
<DIV><FONT face=3DArial size=3D2></FONT> </DIV>
<DIV><FONT face=3DArial size=3D2>Mike Gibbons<BR>Proactive Technologies, =
LLC</FONT></DIV>
<DIV><FONT face=3DArial size=3D2><A=20
href=3D"http://www.proactech.com/">http://www.proactech.com</A></FONT></D=
IV>
<BLOCKQUOTE dir=3Dltr style=3D"MARGIN-RIGHT: 0px">
<DIV class=3DOutlookMessageHeader dir=3Dltr align=3Dleft><FONT =
face=3DTahoma=20
size=3D2>-----Original Message-----<BR><B>From:</B>=20
owner-canslim@lists.xmission.com=20
[mailto:owner-canslim@lists.xmission.com]<B>On Behalf Of </B>Katherine =
Malm<BR><B>Sent:</B> Monday, July 01, 2002 10:45 AM<BR><B>To:</B>=20
canslim@lists.xmission.com<BR><B>Subject:</B> Re: [CANSLIM] Earnings=20
Confidence<BR><BR></FONT></DIV>
<DIV>GARP =3D Growth At a Reasonable Price</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV=20
style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
<A title=3Dmikegibbons@proactech.com=20
href=3D"mailto:mikegibbons@proactech.com">Mike Gibbons</A> </DIV>
<DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
=20
</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Monday, July 01, 2002 =
3:41=20
PM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] =
Earnings=20
Confidence</DIV>
<DIV><BR></DIV>David,<BR><BR>Excuse my ignorance, but what's=20
GARP?<BR><BR>Aloha,<BR><BR>Mike Gibbons<BR>Proactive Technologies, =
LLC<BR><A=20
=
href=3D"http://www.proactech.com">http://www.proactech.com</A><BR><BR><BR=
>-----Original=20
Message-----<BR>From: <A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]On=20
Behalf Of David Taggart<BR>Sent: Monday, July 01, 2002 10:18 =
AM<BR>To: <A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
RE: [CANSLIM] Earnings Confidence<BR><BR><BR>I have found for about =
a year=20
and a half that CANLSIM/GARP is a safe and<BR>reliable way to =
trade. =20
It really cuts down on the risk yet you still get to<BR>catch a lot =
of the=20
good moves such as homebuilders and REIT's. Granted it<BR>is =
not=20
strict CANSLIM but you can still use a lot of the concepts=20
WON<BR>teaches. I always thought David Ryans interview in =
Market=20
Wizards made<BR>sense that after screening for eveything else go for =
the=20
lowest P/E. I also<BR>wish that WON would teach more on the =
short=20
side. The best gains I have had<BR>have been on the short side the =
past year=20
and a half. CANSLIM criteria are<BR>discriminating enought =
that if you=20
apply most of them in reverse and then<BR>throw in a ton of debt you =
end up=20
with some good shorts. Oh well enough of<BR>my=20
soapbox.<BR><BR><BR>David Taggart<BR><BR>-----Original =
Message-----<BR>From:=20
<A=20
=
href=3D"mailto:owner-canslim@lists.xmission.com">owner-canslim@lists.xmis=
sion.com</A><BR>[mailto:owner-canslim@lists.xmission.com]On=20
Behalf Of Harvey Brion<BR>Sent: Monday, July 01, 2002 1:57 PM<BR>To: =
<A=20
=
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
<BR>Subject:=20
Re: [CANSLIM] Earnings Confidence<BR><BR><BR>Good post, Jans. =
I went=20
to my back issues and dug out the Investor's Corner<BR>you<BR>refer=20
to. It's the June 25th issue. I'm going to follow your =
lead and=20
get<BR>more<BR>familiar with the SEC filings.<BR><BR>In general, =
I've gotten=20
more conservative, probably like most. I'm =
paying<BR>more<BR>attention=20
to the P/E than I ever have in the past, preferring <20. I=20
guess<BR>that<BR>makes me a "value" CANSLIM investor. I'm also =
weighting the cash flow more<BR>than<BR>I have in the past to try to =
establish a correlation with earnings, i.e.,<BR>20%<BR>higher than =
last=20
year's EPS. -Harvey<BR><BR><A=20
href=3D"mailto:Spencer48@aol.com">Spencer48@aol.com</A> =
wrote:<BR><BR>>=20
Katherine:<BR>><BR>> In a way =
the=20
accounting frauds and scandals that have popped up have<BR>> been =
useful=20
to me-in this way: I had never relied on SEC info before;=20
all<BR>my<BR>> fundamental info had been gleaned from DGO. =
However,=20
with earnings and<BR>even<BR>> cash-flow now being suspect-I go =
to the=20
SEC page when analyzing a<BR>company's<BR>> stock that I wish to =
buy, to=20
see what the company is doing and how it is<BR>> doing it. (About =
a week=20
ago, IBD in Investors Corner printed a column on<BR>the<BR>> =
different=20
types of statements that companies are required to file=20
with<BR>the<BR>> SEC-so I believe that IBD believes this sort of=20
fundamental info is<BR>important<BR>> to apprise oneself of when=20
analyzing a stock).<BR>><BR>> I =
suppose=20
I use the "events" in a negative way to strengthen =
my<BR>buying<BR>>=20
strategy, ie. if what I see on SEC seems different than what DGO =
prints=20
as<BR>to<BR>> the company's earnings or even what the chart is =
saying, I=20
drop that stock<BR>> from my=20
watch-list.<BR>><BR>> As far as =
selling=20
(an exit strategy), I wouldn't buy a company in<BR>the<BR>> =
first=20
place unless I felt comfortable with it. So for the exit=20
strategy,<BR>I<BR>> generally will rely on WON's dictums =
regarding when=20
to sell.<BR>><BR>> jans<BR>><BR>> In a message dated =
7/1/2002=20
2:15:33 PM Eastern Daylight Time,<BR>> <A=20
href=3D"mailto:kmalm@earthlink.net">kmalm@earthlink.net</A>=20
writes:<BR>><BR>> << I see the recent discussions of =
Anderson,=20
WCOM, earnings confidence,<BR>etc.<BR>> to be of great importance =
in=20
CANSLIM investing, less as a matter of<BR>"current<BR>> events" =
than in=20
the sense that it impacts much of the core =
investing<BR>concepts<BR>> in=20
CANSLIM.<BR>><BR>> I'm interested in finding out if and =
how this=20
change in perception of<BR>> earnings measurement will or has had =
any=20
affect on your CANSLIM mining,<BR>> entry, and/or exit =
strategies. If it=20
has not yet had an effect, do you<BR>> believe that it should? In =
other=20
words, how will you modify your approach<BR>> based on these =
events? How=20
do you use these events to strengthen your<BR>> strategies?=20
>><BR>><BR>> -<BR>> -To subscribe/unsubscribe, email =
"<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>=
; -In=20
the email body, write "subscribe canslim" or<BR>> -"unsubscribe=20
canslim". Do not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe, email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe,=20
email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your email.<BR><BR><BR>-<BR>-To =
subscribe/unsubscribe,=20
email "<A=20
=
href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In=
the=20
email body, write "subscribe canslim" or<BR>-"unsubscribe =
canslim". Do=20
not use quotes in your =
email.</BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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